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flag Funding for India's EV sector fell by half in 2024, yet optimism remains for future growth.

flag Funding for India's electric vehicle (EV) sector dropped to $586 million in 2024 from $808 million in 2022, halving due to policy changes and slowing sales growth. flag The PM-E Drive Scheme, replacing subsidies from the FAME-II program, targets 30% EV penetration by 2030. flag Despite challenges, investors remain optimistic about growth in segments like component manufacturing and charging infrastructure.

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